Most shoppers know to crunch the numbers before buying a new vehicle. The first step is to tally up the total cost, including the MSRP and any optional add-ons, taxes and fees. Then comes a calculation of the monthly car payment. As new-vehicle prices soar, an often overlooked part of the equation — the vehicle’s residual value — can offer a silver lining. J.D. Power’s U.S. ALG Residual Value Awards rank mass-market and luxury brands based on their forecasted resale value after three years of ownership, and Honda and Lexus top the lists for 2022.
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Which Brands Have the Best Resale Value?
Honda takes the grand prize among mass-market brands in the 2022 ALG Residual Value Awards. (J.D. Power purchased ALG, a residuals consultancy originally known as Automotive Lease Guide, in 2020.) The automaker also walked away with three model-level awards to back up the designation: The Civic sedan and hatchback, Passport SUV and Odyssey minivan were top performers in their respective designated categories for compact cars, mid-size two-row SUVs and minivan.